During the accounting period, office supplies were purchased on account for $3200. A physical count, on the last day of the accounting period, shows $1100 of office supplies on hand. Supplies Expense for the accounting period is $3600. What was the beginning balance of Office Supplies?

Your subscription to investing wisely weekly is about to expire. you plan to subscribe to the magazine for the rest of your life, and you can renew it by paying $85 annually, beginning immediately, or you can get a lifetime subscription for $620, also payable immediately. assuming that you can earn 6.0% on your funds and that the annual renewal rate will remain constant, how many years must you live to make the lifetime subscription the better buy?